Hangzhou Advance Gearbox Group Co (SHSE:601177) ROCE % : 7.92% (As of Mar. 2024)

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What is Hangzhou Advance Gearbox Group Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hangzhou Advance Gearbox Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.92%.

Hangzhou Advance Gearbox Group Co ROCE % Historical Data

The historical data trend for Hangzhou Advance Gearbox Group Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangzhou Advance Gearbox Group Co ROCE % Chart

Hangzhou Advance Gearbox Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.69

8.87

9.43

9.27

8.38

Hangzhou Advance Gearbox Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.41	8.22	8.54	6.12	7.92

Hangzhou Advance Gearbox Group Co ROCE % Calculation

Hangzhou Advance Gearbox Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	255.293	/	( ( (4441.559 - 1521.997)	+	(4783.098 - 1606.194) )	/ 2 )
	=	255.293	/	( (2919.562	+	3176.904)	/ 2 )
	=	255.293	/	3048.233
	=	8.38 %

Hangzhou Advance Gearbox Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	249.568	/	( ( (4783.098 - 1606.194)	+	(4731.125 - 1602.33) )	/ 2 )
	=	249.568	/	( ( 3176.904	+	3128.795 )	/ 2 )
	=	249.568	/	3152.8495
	=	7.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hangzhou Advance Gearbox Group Co (SHSE:601177) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hangzhou Advance Gearbox Group Co ROCE % Related Terms

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Hangzhou Advance Gearbox Group Co (SHSE:601177) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Advance Gearbox Group Co Ltd (SHSE:601177) » Definitions » ROCE %

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Address

No. 45, Xiaojin Road, Xiaoshan, Zhejiang, CHN, 311203

Website

http://www.chinaadvance.com

Hangzhou Advance Gearbox Group Co Ltd is engaged in the design and manufacture of gear transmissions and powder metallurgy products. The product types offered by the company include marine products, engineering products, automotive products, wind power products, industrial transmission products, and agricultural machinery products.

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